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English definition of “frozen asset”

frozen asset

noun [C]
 
 
FINANCE, LAW an asset that cannot be sold because of a government or court order: He is suspected of money laundering, and has asked the court to allow the release of frozen assets for funding legal advice to challenge the order.
FINANCE an asset that does not produce income: A house is a frozen asset because it does not yield cash income to the owner.
(Definition of frozen asset from the Cambridge Business English Dictionary © Cambridge University Press)
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